Overview

FAAST brings opportunity sourcing and analysis together with fund formation, portfolio management, accounting, administration, and stakeholder reporting. That breadth may help teams coordinate work across the investment lifecycle; organizations looking only for a narrow accounting or deal-sourcing tool may find the scope excessive.

The platform describes a database of more than 500,000 global startups and AI-assisted tools to filter opportunities, assemble profiles and data, automate scoring, and conduct competitive analysis. These functions can support research and triage, but FAAST is a data-analysis product, not a financial-advice service. Investment decisions must remain with principals of firms licensed in the appropriate jurisdiction.

Key features

Fund formation and onboarding

FundBuilder covers investment-vehicle registration, contract generation, and appointments of directors, managers, and administrators, with setup described as taking less than 15 minutes. That could reduce coordination during formation, although the claim is about setup time, not the time required for a firm to assess or approve a vehicle. e-KYC supports investor onboarding through identity verification and Customer Due Diligence processes.

FAAST can generate fund documents and supports e-signatures and secure data-room uploads. FundBuilder also connects users to service providers, but the platform does not name particular third-party integrations, so buyers should confirm that their existing providers fit the workflow.

Back office and reporting

BackOffice combines investor and portfolio accounting with NAV calculations, general-ledger functions, tax reporting, accounts-payable workflows, and cash management. Real-time reports use charts and tables, and the integrated mail-merge application can distribute them to an unlimited number of stakeholders. That combination is relevant to firms with recurring investor reporting needs; teams should still assess whether the accounting functions match their operating requirements.

Task Manager supports deadlines, priorities, notes, and comments across portfolio, marketing, and fundraising work. Custom branding, multiple languages, more than 50 currencies, multiple accounting standards and date formats, and precision to five decimal places give the platform flexibility for varied operations.

Security and data controls

The maker says its secure data room complies with FINRA, HIPAA, GxP, FedRAMP, and StateRAMP requirements. FAAST also describes encrypted, verifiable on-chain data, blockchain-backed backups, and configurable access permissions. These are substantial claims for organizations handling sensitive fund and investor material; firms should evaluate them against their own security and compliance obligations.

Pricing

FAAST is paid, with pricing on request, and has no free plan. A 14-day trial provides access to all features before a purchasing decision, which gives teams a short window to assess how the combined workflows fit their business. No seat or usage caps are stated, so buyers should confirm pricing and any limits directly before committing.

Platforms

FAAST runs on the web. That suits organizations whose teams work through a browser, but it does not provide a stated desktop or mobile platform option.

Who it's for

FAAST is aimed at family offices, venture and private equity firms, accelerators, angel networks, and university research groups. It makes the most sense for organizations that need several fund and investment workflows in one platform, especially those managing vehicle formation, back-office processes, and stakeholder communications together. It is a weaker fit for buyers seeking a single-purpose tool or expecting software to make investment decisions.

Pros and cons

Pros

Broad investment operations: sourcing, formation, accounting, administration, and reporting sit within one platform, which can reduce tool-switching across fund workflows.
Flexible reporting: real-time charts and tables can be distributed to unlimited stakeholders through mail merge.
International operating options: more than 50 currencies, multiple languages and accounting standards, and flexible date formats support varied organizational needs.

Cons

Custom pricing: buyers cannot compare a published price or estimate cost without contacting the provider.
Short evaluation window: the all-feature trial lasts 14 days, which may be tight for a team needing to assess multiple workflows.
Not financial advice: the platform supports analysis, but licensed firm principals must make investment decisions.
Web-only platform: organizations that require a stated mobile or desktop app option should consider alternatives.

Alternatives

For a broader comparison, see Investment Accounting Software and Family Office Software.

Enfusion is a paid option for teams that need iOS, Linux, macOS, web, and Windows support; its Enfusion by Clearwater plan requires a demo request and has no commitment or contract required.
CrossVal is worth considering when a published entry price matters: its Launch plan costs 550.00 AED per month and includes unlimited expenses, multi-bank accounts, HoldCo and OpCo consolidation, and dedicated support. Enterprise uses custom pricing.
FinFolio is another paid option, with Android, iOS, API, self-hosted, and web platforms.
FIS Data Integrity Manager is a paid web option for buyers comparing investment-data tools.
WealthSpectrum is a paid alternative with Android, iOS, API, self-hosted, and web platforms.
Allvue Investment Management offers a web-based Portfolio Management plan with custom pricing and a demo request.
Juniper Square is a paid alternative with Android, iOS, API, and web platforms.
Abrigo TPG Software is a paid option available on self-hosted and web platforms.

Verdict

FAAST is a strong fit for family offices and investment firms seeking sourcing, fund setup, accounting, administration, and reporting in one web platform. Its main advantage is that breadth; its main reasons to look elsewhere are custom pricing, a 14-day evaluation period, or a need for dedicated mobile or desktop access. Treat its analysis as operational support, not a substitute for decisions by appropriately licensed firm principals.

	FIS Investment Accounting Manager	Hatcher+ FAAST
Free trial		Yes
Platforms	Web	Web
Asset coverage	both
Performance reporting	Yes	Yes
Investor reporting	Yes	Yes
Multi-currency support	Yes	Yes
Free plan		No

FIS Investment Accounting Manager vs Hatcher+ FAAST

FIS Investment Accounting Manager

Hatcher+ FAAST